Direct Source<sup>SM</sup> Immediate Fixed Annuity

Direct Source^SM Immediate Fixed Annuity

Product Overview

Direct Source offers options that can guarantee retirees lifetime income with a payout stream during retirement. Simply make a minimum deposit of $20,000 or more, and receive a constant income amount for the rest of your life, depending on the payout option you select. Guarantees are backed by the claims-paying ability of The Variable Annuity Life Insurance Company (VALIC).

Income taxes on qualified plans are due upon receipt of annuity payment. For nonqualified annuities (i.e., purchased with after-tax dollars), only a portion of each payment you receive ― the interest earned ― is considered taxable. Withdrawals are subject to taxation and might be subject to federal restrictions and a 10% federal tax penalty if made prior to age 59½.

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Features and Benefits Back To Top

Start planning today so you can enjoy tomorrow. Make a single-premium deposit with as little of $20,000 to start your annuity and begin receiving payments.
Rate lock on initial deposits of less than $1 million. You will receive an initial rate guarantee of seven days from the date the application and deposit are received in good order on any Code Section 1035 exchange, direct rollover or transfer.

One-time withdrawal. During the first six months of your policy, you can make a one-time withdrawal from certain payout options.
Variety of payout options. Select a payout option that can transform your account balance into regularly distributed, guaranteed income for life.

Guidelines Back To Top

One-time Withdrawal Provision

• Clients may make a one-time withdrawal of 25%, 50%, 75% or 100% within the 6-month period after payments begin.
• Only available if the payout option selected is Period Certain Only or Designated Amount.
• Withdrawals may reduce the amount of income payments or shorten the payment period.

Contract provisions may vary from state to state. Please refer to your contract for actual governing contractual provisions.

Applicable to Contract SPIA-405.

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Important Notice about Purchasing a VALIC Annuity From Us

To help the government fight the funding of terrorism and money-laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who purchases certain annuity products. What this means for you: When you purchase certain annuity products from us, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your driver's license or other identifying documents.

Annuities and insurance products are offered by The Variable Annuity Life Insurance Company (VALIC), AIG Annuity Insurance Company, AIG-affiliated insurance companies or other approved companies. Each underwriting company is financially responsible for its own insurance products.

Securities and investment advisory services are offered by AIG Retirement Advisors, Inc., member FINRA, SIPC and an SEC-registered investment advisor.

AIG Retirement is the marketing name for the group of companies comprising AIG Retirement Advisors, Inc.; AIG Retirement Services Company; and The Variable Annuity Life Insurance Company (VALIC); each of which is a subsidiary of American International Group, Inc.

This information is general in nature and may be subject to change. Neither VALIC nor its financial advisors or other representatives give legal or tax advice. Applicable laws and regulations are complex and subject to change. For legal or tax advice concerning your situation, consult your attorney or professional tax advisor.